UK Traders Save On Taxes Copying to Their Tax-Free Spread Betting Account
Say you have your primary MT4 account with a broker where the spreads are wide, and the profits are not tax-free. You cannot move from that broker because your MT4 account manager, EA provider or signal provider makes you use it for any reason. You can use Local Trade Copier to turn the situation in your favor and save money on taxes.
Move your funds to a Spread betting (SB) account (like IG MT4 account) sitting in your VPS and copy the trades from your primary account using my Local Trade Copier software. When any positions come live on your primary account, they will automatically come live on your SB account. And likewise, when they close trades, they close on SB too. You can also increase the risk ratio so the profits rise and you can claim the profits tax-free because it’s a Spread betting account.